EUR/USD is trading at 1.1145, 0.28% up since previous day close. In the European session on Thursday, the pair is well-bid around 1.1150. Positive sentiment and the US dollar’s continuing decline serve as support for the pair. Trades take in the Fed’s dovish outlook while anticipating new trade incentives expressed in ECB-speak. US data are also observed.  As long as the pair stays above the 50-day MA, the daily chart analysis indicates that the rising trend is expected to continue. 1.1188 is the nearest resistance on the upswing.

US30 is trading at 41870, 0.61% up since previous day close. Following the announcement, stocks in the US closed the previous session lower. On Thursday, they slightly increased. With a massive half-point interest rate cut and hints that further reductions might be forthcoming this year, the Federal Reserve makes a huge move. On Friday, the Bank of Japan will make its most recent rate decision known, after the BOE. The closest barrier is 42053, and a gap up opening indicates a bullish trend.

SILVER is trading at 31.18, 3.66% up since previous day close. Silver reversed losses from the previous session, rising 3% to about 31 per ounce on Thursday as the dollar retreated from recent highs, taking the edge off commodities prices. As an aggressive US rate drop gives Chinese authorities leeway to further loosen policy to boost the economy, markets watch China for policy signs. The market is moving in a bullish direction. The closest support is 29.66, while the closest resistance is 31.24.